Have your debts been increasing lately? Are you burnt out from trying other financial advice and strategies but still have unsolved issues?
Maybe you’re here because been through everything.
In the majority of cases, your best option is to speak with professionals that can help you resolve the issue.
CuraDebt is one of the most asked companies. A lot of customers have asked if they can assist you or put you in more debt.
According to their customers, they can assist you in managing the majority of your debts so that you can take couple of w
orries off your plate.
But for some people the claims seem too good to be true.
If you’re looking for anything that can aid you in settling your debt. If that’s the situation, CuraDebt will mostly be suggested by people. We’ll be taking a deep review of the way CuraDebt works and what problems it can solve for you.
In addition, prior to our conclusion, we’ll also look into the advantages and disadvantages of this method.
Before beginning the review, you can watch this video instead for a more relaxing way to watch it.
Otherwise, let’s begin.
Before you go on, you may want to check out this video by CuraDebt Debt Relief Reviews on YouTube that gives a quick review. Afterward, you’ll want to read the rest of our article for a more comprehensive review.
About the Company How Houston Mayor Sylvester Turner Tax Deductible For Flood Relief Victims
CuraDebt is a debt relief company from Hollywood, Florida. It was established in 2000 and has been an active participant in the American Fair Credit Council, the US Chamber of Commerce, and is accredited through the International Association of Professional Debt Arbitrators.
While it is accredited, certain states have imposed restrictions on their services.
What CuraDebt do?
Helping you pay off your debt is CuraDebt’s most well-known feature. But they offer other services that can help you be more financially stable.
The process begins with requesting a free online savings estimate. This service is very confidential, and they won’t be doing a credit check. By using this estimate of savings, you will be able to learn more about the options towards debt-free.
Savings estimates, as we’ve mentioned before, gives you an idea of your options, regardless of whether you’re planning to continue using CuraDebt.
CuraDebt will assign you a financial advisor and a support team to assist you in navigating the process of credit arbitration should you choose to sign up. Financial advisors may be able to assist you with your debt-free journey.
Following the debt settlement plan, CuraDebt will be the one to handle all of your creditors’ calls. They will also be the ones who determine the terms of your settlement depending on the condition of your finances. In determining which option is the best for you, it can be a lump-sum settlement or a payment plan.
Moreover, they will be working with creditors to ensure that you get better rates when you transfer money into your savings account. This in turn, will process to pay back the creditors. Their programs can assist you to get rid of debt in just two years.
Once you’ve signed up with them, they will allow you access to your account information 24 hours a day. All you need to do is log in to CuraDebts’ client portal to monitor your progress.
Before you are able to avail their program, you’ll need to meet their eligibility requirements first. In order to be considered eligible for the program, you’ll need to meet the following requirements:
- At least 21 years old
- Have a verifiable income
- You must have a minimum balance of $5,000
What are they able to assist you?
Here are the various ways CuraDebt can assist you.
The name of the company suggests that CuraDebt can assist you in dealing with debt. They can negotiate settlements on your behalf to settle the majority of types of debt. They can help with personal loans, medical bills credit cards as well as loans. They can also be approached to settle any outstanding amount on business debts, collections, or repossessions.
They can even help negotiate for back taxes and IRS debt. But, you won’t receive assistance for the majority of your lawsuits, loans from the government or collateral, as well as utility bills. Also, they don’t cover the majority of student loans.
On the contrary, they’ll help you use laws like that of Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They can also assist you in identifying creditor violations so that you can have cash settlements, if they are possible. Some violations can also result in having your debts dismissed as well.
CuraDebt can also help you pay off debts with less than the sum you have. Additionally, you can inquire about your debt during their no-cost consult with their debt counsellor.
The greatest benefit of their program is that you only pay the fees when your debt is paid off. All you have to sign up to one of their plans, and you’ll be able pay off all your debts.
Tax Management and Relief
CuraDebt can also deal with the tax liabilities you have. Once they’ve gathered all your financial documentation and tax documents, they’ll also collect all the documents you’ll require for tax returns.
With this program, you will be able to deal with the various types of tax problems like wage garnishments as well as tax penalties for personal and corporate taxes and back taxes and trust fund penalties and tax liens.
There aren’t hidden fees either. They use only flat-fee pricing that is based on the amount that you’ll must settle.
There are a variety of options in the settlement of your tax debt. Here are 6 options:
- Installment agreements
- Offer in Compromise
- Collection statute expiration date
- Tax lien subordination
- Penalty abatement
- Currently non-collectible
What kinds of debts can they help you with?
Although they specialize in debt settlement, it is not their specialty, they don’t provide all kinds in debt resolution. CuraDebt is only focused on debt that is not secured. They aren’t able to help you if the credit or loan is tied to a physical item.
If you do have the following kinds of debt, they will make arrangements for settlements.
With CuraDebt the service, you’ll be able to pay tax debts that were due to be paid without difficulty. Moreover, this type of service is offered across all 50 states, if you owe money to the IRS. There are tax experts from the federal government that can help you resolve the issues.
CuraDebt will also help you resolve the medical bills. In some instances you might even be able to pay them less than the amount you are owed.
Private Student Loan
CuraDebt does not offer federal student loans. Still, they can help private students in negotiating the student loans they owe.
Personal and payday loans also qualify as debt-settling programs. You can also avail the program if you have other unsecure credit lines that you have obtained from an alternative financial institution or bank.
Credit Card Debt
If you’re in debt using store credit cards as well as traditional credit cards and private-label credit cards, CuraDebt will assist you in paying it off.
How much will it cost?
The most appealing aspect of CuraDebt’s pricing is how they’ve priced their services. They don’t charge an upfront fee. The only time you pay is when you’ve paid each of your outstanding debts.
They also don’t charge high charges either. On average, you’ll be required to pay as much as 20 percent of the debt you settled through them.
In the average, this kind of industry can charge anywhere from 15% to 25 percent.
In addition, customers can expect to settle their debt from 2 to 4 years. But, it also differs depending on the amount that you are able to save each month.
They also claim you can save as much as 30% if you include their fees in your equation.
However, the claim may differ based on your specific situation. Some customers have even talked about saving 50% to 80%.
Advantages to using CuraDebt
Now that you have a clearer picture of the benefits CuraDebt offers, let’s look into the advantages from using CuraDebt.
First, CuraDebt is only charged after you’ve settled your debt. Additionally they charge only 20% of the cost, whereas most companies charge you 25%.
If you’re finished with the debt settlement program, you could enroll in their credit restoration program.
It’s a fantastic option to rebuild your credit without going back into debt. The program is however designed different for every person dependent on the circumstances of your case.
Finally, CureDebt looks into your credit to assist with settlements and negotiations. This means your debt won’t inflate as time passes. They’ll also investigate any violations of creditor with the help of their experts in-house.
Some disadvantages to using CuraDebt
We will also examine some of the negatives of CuraDebt.
Settlement of debt and debt relief usually require that you stop making payments using your credit card. So if you’re trying to increase your credit score, it could cause you to delay getting rid of your credit card debt.
CureDebt doesn’t even offer a mobile application. While they have a website for clients but it’s old and mundane. It’s not very user-friendly, and can be challenging to navigate.
Moreover, they are still not credited with their Better Business Bureau although they received an A+ rating.
The Final Verdict
CuraDebt is a useful program that allows you to settle your debt without spending more on those types of services. Moreover the 20% service cost is lower than many companies that offer a 25% fee. There aren’t any upfront fees and you’ll only have to pay the fee when the debt is paid off.
Although they’ll give you an account so that you can track your progress but their website isn’t user-friendly. CuraDebt also doesn’t have an app that will make it easier to monitor your progression.
But, they do have a competent support staff that you can contact them, not only via emails but by phone or by submitting an electronic ticket. How Houston Mayor Sylvester Turner Tax Deductible For Flood Relief Victims
If debt is a big issue right now, we strongly recommend CuraDebt’s debt management program. Make sure you’re qualified and that the services that they provide are offered in your state.
FAQ How Houston Mayor Sylvester Turner Tax Deductible For Flood Relief Victims
How long will it take to finish the program?
The average program is 24 to 48 months, depending on the amount of your debt as well as the stipulated settlement.
Can CuraDebt assist with state tax problems?
It is true that CuraDebt offers a program for tax relief that can assist you with issues such as late payroll tax and garnishments of wages.
What’s the first thing I have to do once I’m in the program?
You’ll be required to communicate with your team members and pay the required payments to reduce the amount of debt you have over time.